IED, ETF Quant Strategist Associate

Morgan Stanley • New York, NY

2d • $150,000 - $200,000

About The Position

Strategists are key participants, together with traders and salespeople, in the revenue-generating activities of our Sales & Trading Division. Strategists are the primary quant modelers for new products, and team with the traders to deliver innovative ideas using models to analyse risks and opportunities in the complex ETF market. ETF market making strats are responsible for implementing and supporting both the data and ETF pricing models used in ETF trading. They also look after systematic market making processes, maintaining and conducting research on ways to improve various aspects of managing the systematic market making book, including but not limited to cost models, RFQ charging models, portfolio optimization, etc. They are also heavily involved in the idea generation, research, and backtest of trading strategies in the space of ETF and other macro products. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser. Expected base pay rates for the role will be between $150,000 - $200,000 per year for Associate at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

• An advanced degree in a quantitative subject such as Engineering, Applied Mathematics, Physics, Software Engineering is mandatory
• Strong quantitative skills; knowledge of ETF/macro products and financing rate is a plus
• Proficiency in probability, statistics, linear regression and other core modeling methods.
• Familiarity with machine learning models and convex optimization is a strong plus
• Strong programming skills in an object oriented language (Java, Python, or C++)
• Drive and the ability to thrive in a fast‑paced, team‑oriented environment
• Effective written and verbal communication skills in English

Responsibilities

• Develop clean, well‑designed, and reusable code to backtest trading strategies
• Build tools to enhance the management of systematic market making book
• Generate visualization of research and backtest results to support real-time decision making of the ETF trading desk
• Work on sophisticated models to help traders accurately assess ETF risk and values
• Collaborate closely with the ETF trading desk to support daily data and analytics needs

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level